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Inflation rises for the first time in six months in November
Inflation rises for the first time in six months in November: Annual urban inflation rose slightly to 3.6% in November…
Banking
What we’re tracking on 11 December 2019
Today will largely be shaped by how two IPOs will fare in their market debuts. Here at home, Rameda Pharma…
Al Baraka Bank Egypt looks to acquire USD 400 mn loan from foreign lenders
Al Baraka Bank is in talks with foreign lenders for a USD 400 mn loan, CEO Ashraf El Ghamrawy tells…
Vitas Microfinance to extend EGP 300 mn loans to SMEs in 2020
Vitas Misr for Microfinance, a subsidiary of B Investments’ Ebtikar, is planning to extend EGP 300 mn in loans to…
Bank Audi to loan EGP 2 bn to SMEs to achieve 20% portfolio target
Bank Audi is planning to loan EGP 2 bn to small and medium-sized businesses by the end of next year…
National Bank of Egypt seeks CBE's approval to establish a digital bank next year
The National Bank of Egypt is seeking approval from the Central Bank of Egypt to establish a digital bank in…
Egypt’s market regulator looking to introduce solvency standards for NBFS
REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce…
Central Bank of Egypt sells USD 1 bn of 1-year t-bills
The Central Bank of Egypt (CBE) sold yesterday USD 1 bn in 1-year USD-denominated t-bills,official CBE data shows. The bills…
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